Property, Plant and Equipment, Net of Accumulated Depreciation (Tables)

3 Months Ended

Mar. 31, 2025

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment, Net of Accumulated Depreciation

Property, plant and equipment, net of accumulated depreciation consisted of the following (in millions):

	March 31,		December 31,
	2025		2024
Terminal and related assets
Terminal and interconnecting pipeline facilities	$	35,478	$	34,282
Land	568		465
Construction-in-process	4,880		5,486
Accumulated depreciation	(7,522)		(7,231)
Total terminal and related assets, net of accumulated depreciation	33,404		33,002
Fixed assets and other
Computer and office equipment	37		36
Furniture and fixtures	32		31
Computer software	123		122
Leasehold improvements	49		47
Other	23		24
Accumulated depreciation	(192)		(188)
Total fixed assets and other, net of accumulated depreciation	72		72
Assets under finance leases
Marine assets	824		587
Accumulated depreciation	(123)		(109)
Total assets under finance leases, net of accumulated depreciation	701		478
Property, plant and equipment, net of accumulated depreciation	$	34,177	$	33,552

Schedule Of Depreciation And Offsets To LNG Terminal Costs

The following table shows depreciation expense and offsets to LNG terminal costs (in millions):

	Three Months Ended March 31,
	2025		2024
Depreciation expense	$	310	$	300
Offsets to LNG terminal costs (1)	48		—

(1)We recognize offsets to LNG terminal costs related to the sale of commissioning volumes because these amounts were earned or loaded prior to the start of commercial operations of the respective Trains of the Liquefaction Projects during the testing phase for its construction.